As at 31 March 2015 As at 31 December 2014 Property and assets Cash in hand 48,706,853,582 46,219,359,839 Cash in hand (including foreign currency) 9,873,511,741 7,696,844,962 38,833,341,841 38,522,514,877 Balance with other banks & financial institutions 26,551,769,411 23,615,218,198 In Bangladesh 24,984,406,318 21,205,895,651 Outside Bangladesh 1,567,363,093 2,409,322,547 Placement with banks & other financial institutions 2,000,000,000 2,000,000,000 Investments in shares & securities 101,107,437,072 99,677,400,553 Government 98,021,757,770 97,435,777,770 Others 3,085,679,302 2,241,622,783 Investments 466,563,773,545 460,385,467,466 General investments etc. 438,140,269,487 433,004,101,205 Bills purchased & discounted 28,423,504,058 27,381,366,261 Fixed assets including premises 15,916,765,510 15,930,479,589 Other assets 9,127,741,118 3,751,558,076 Non - banking assets - - Total property and assets 669,974,340,238 651,579,483,721 (Mohammed Shahid Ullah ACA) Chief Financial Officer Managing Director Islami Bank Bangladesh Limited and its Subsidiaries Balance with Bangladesh Bank & its agent bank(s) (including foreign currency) Particulars (Mohammad Abdul Mannan) (Amount in Taka) Condensed Consolidated Balance Sheet (Un-audited) As at 31 March 2015
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Islami Bank Bangladesh Limited and its Subsidiaries ... Quarter Interim...Zakat expenses 106,496,310 98,801,930 Other expenses 453,380,113 350,906,462 Total operating expenses 2,823,879,062
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As at
31 March 2015
As at
31 December 2014
Property and assets
Cash in hand 48,706,853,582 46,219,359,839
Cash in hand (including foreign currency) 9,873,511,741 7,696,844,962
38,833,341,841 38,522,514,877
Balance with other banks & financial institutions 26,551,769,411 23,615,218,198
In Bangladesh 24,984,406,318 21,205,895,651
Outside Bangladesh 1,567,363,093 2,409,322,547
Placement with banks & other financial institutions 2,000,000,000 2,000,000,000
Investments in shares & securities 101,107,437,072 99,677,400,553
Government 98,021,757,770 97,435,777,770
Others 3,085,679,302 2,241,622,783
Investments 466,563,773,545 460,385,467,466
General investments etc. 438,140,269,487 433,004,101,205
Net gain and losses not recognized in the income statement - - - - - - - - -
Net profit for the period - - - - - 400,782,148 (2,659) 400,779,489
Transfer to reserve - - - - - - - - -
Dividend:
Bonus shares - - - - - - - - -
Cash dividend - - - - - - - - -
Issue of Share Capital - - - - - - - - -
Total shareholders' equity as on 31 March 2015 16,099,906,680 1,989,633 16,099,906,680 415,552,016 11,498,971,320 57,480,000 2,787,452,711 57,801 46,961,316,841
Total shareholders' equity as on 31 March 2014 14,636,278,800 1,989,633 14,638,613,627 312,301,086 11,498,971,320 109,300,000 3,021,904,075 60,549 44,219,419,090
Depreciation and repair to bank's assets 291,909,796 192,079,370
Zakat expenses 106,496,310 98,801,930
Other expenses 418,090,873 350,180,227
Total operating expenses 2,782,836,731 2,453,887,605
Profit/ (loss) before provision 3,848,383,526 3,224,783,722
1,849,420,000 1,391,867,000
Provision for diminution in value of investments in shares 1,157,292 707,515
Other provisions - -
Total provision 1,850,577,292 1,392,574,515
Total profit/(loss) before taxes 1,997,806,234 1,832,209,207
Provision for taxation for the period 1,463,247,881 1,407,732,322
Current tax 1,463,247,881 1,407,732,322
Deferred tax - -
Net profit/ (loss) after tax 534,558,353 424,476,885
Retained earnings from previous year/period 2,414,986,002 2,634,530,184
Add: Net profit after tax 534,558,353 424,476,885
Profit available for appropriation 2,949,544,355 3,059,007,069
Appropriation: 2,949,544,355 3,059,007,069
Statutory reserve - -
General reserve - -
Dividend - -
Retained earnings 2,949,544,355 3,059,007,069
0.33 0.26
The annexed notes form an integral part of these condensed interim financial report.
(Mohammed Shahid Ullah ACA)
Chief Financial Officer Managing Director
(Mohammad Abdul Mannan)
Islami Bank Bangladesh LimitedCondensed Profit & Loss Account (Un-Audited)
For the 1st Quarter ended 31 March 2015
(Amount in Taka)
Provision for investments & off- balance sheet items
Earnings Per Share (EPS) (Previous year's figure restated)
Particulars
01 January to 31
March 2015
01 January to 31
March 2014
Cash flows from operating activities
Investment income 12,289,802,756 11,865,722,412
Profit paid on mudaraba deposits (6,586,000,795) (6,690,114,673)
Income/ dividend receipt from investments in shares & securities 98,881,363 342,387,127
Fees & commission receipt in cash 1,566,948,748 1,335,653,351
Recovery from written off investments 4,370,790 7,216,529
Payments to employees (2,790,669,788) (1,570,048,877)
Cash payments to suppliers (50,642,629) (46,607,182)
Income tax paid (1,896,773,897) (1,284,428,247)
Receipts from other operating activities 166,960,999 68,616,245
Payments for other operating activities (718,212,830) (572,019,774)
(i) Operating profit before changes in operating assets 2,084,664,717 3,456,376,911
Changes in operating assets and liabilities
Increase/(decrease) of statutory deposits - -
(Increase)/decrease of net trading securities - -
(Increase)/decrease of placement to other banks - -
(Increase)/decrease of investments to customers (6,178,306,079) (5,438,081,455)
(Increase)/decrease of other assets (462,672,693) (2,885,494,976)
Increase/(decrease) of placement from other banks 912,773,806 -
Increase/(decrease) of deposits from other banks 129,130,776 41,574,162
Increase/(decrease) of deposits received from customers 15,358,817,737 23,038,729,941
Increase/(decrease) of other liabilities account of customers - -
Increase/(decrease) of trading liabilities - -
Increase/(decrease) of other liabilities (4,787,604,752) (5,856,100,320)
(ii) Cash flows from operating assets and liabilities 4,972,138,795 8,900,627,352
Net cash flows from operating activities (A)=(i+ii) 7,056,803,512 12,357,004,263
Cash flows from investing activities
Proceeds from sale of securities - -
Payment for purchase of securities/BGIIB (1,110,759,638) (16,823,443,015)
Payment for purchase of securities/membership - -
Purchase/sale of property, plants & equipments (235,403,606) (149,405,750)
Purchase/sale of subsidiaries - -
Net Cash flows from investing activities (B) (1,346,163,244) (16,972,848,765)
Cash flows from financing activities
Receipts from issue of debt instruments - -
Payment for redemption of debt instruments - -
Receipts from issuing ordinary share/ rights share - -
Dividend paid in Cash - -
Net cash flows from financing activities (C) - -
Net increase/(decrease) in cash (A+B+C) 5,710,640,268 (4,615,844,502)
Add/(less): effects of exchange rate changes on cash & cash equivalent - -
Add: cash & cash equivalents at beginning of the year/period 66,418,709,671 56,618,835,283
Cash & cash equivalents at the end of the period/quarter 72,129,349,939 52,002,990,781
4.38 7.68
(Mohammed Shahid Ullah ACA)
Chief Financial Officer
(Amount in Taka)
Islami Bank Bangladesh LimitedCondensed Cash Flow Statement (Un-Audited)
For the 1st Quarter ended 31 March 2015
Net Operating Cash Flow Per Share (NOCFPS) (Previous year's figure
restated)
(Mohammad Abdul Mannan)
Managing Director
Particulars
(Amount in Taka)
1 2 3 4 5 6 7 8 19(2+3+4+5+6+7+8)
Balance as at 01 January 2015 16,099,906,680 1,989,633 16,099,906,680 415,552,016 11,498,971,320 81,500,000 2,414,986,002 46,612,812,331
Changes in accounting policy restated balance
Surplus/ (deficit) on account of revaluation of properties - - - - - - - -
Surplus/ (deficit) on account of revaluation of investments (shares &
securities)- - - - - (24,020,000) - (24,020,000)
Currency translation differences - - - - - - - -
Net gain and losses not recognized in the income statement - - - - - - - -
Net profit for the period - - - - - 534,558,353 534,558,353
Transfer to reserve - - - - - - - -
Dividend:
Bonus shares - - - - - - - -
Cash dividend - - - - - - - -
Issue of Share Capital - - - - - - - -
Total shareholders' equity as on 31 March 2015 16,099,906,680 1,989,633 16,099,906,680 415,552,016 11,498,971,320 57,480,000 2,949,544,355 47,123,350,684
Total shareholders' equity as on 31 March 2014 14,636,278,800 1,989,633 14,638,613,627 312,301,086 11,498,971,320 109,300,000 3,059,007,069 44,256,461,535
a) Profit attributable for the period 534,558,353 424,476,885 b) Weighted average number of ordinary shares during the period 1,609,990,668 1,609,990,668
Basic earnings per share (EPS) (a ÷ b) 0.33 0.26
9.0 Consolidated earnings per share
a) Consolidated profit attributable for the period 400,779,489 384,045,221 b) Weighted average number of ordinary shares during the period 1,609,990,668 1,609,990,668
Consolidated basic earnings per share (EPS) (a ÷ b) 0.25 0.24
10.0 Consolidated segment reporting
The consolidated segment reporting has been shown in annnexure A.
B. Total deduction/adjustment from provision for classified investment for the
period
General Provision for Unclassified Investment including OBUProvision for Classified Investment
A. Opening balance as on 1 January
General Provision for Unclassified Investment including OBU
Provision for Classified Investment
Provision for Off-Balance Sheet items
Provision for Off-Balance Sheet items
Previous year’s figures have been adjusted due to issuance of 146,362,788 bonus shares during the year 2014 against 10% Stock
Dividend of 2013 as per guidelines of BAS 33, "Earnings per share". Diluted earnings per share is not applicable since there is no
possibility of dilution of shares during the year/period.
C. Available balance of provision (A-B)
D. Provision made during the period
General Provision for Unclassified Investment including OBU
Provision for Classified Investment
Provision for Off-Balance Sheet items
E. Closing balance as on 31 March ( C+D)
31 March 2015
Taka
31 March 2014
Taka
Depreciation charged during the period
Provision for un-classified, classified investment and Off-balance sheet items including Off-shore Banking Units (OBU)
31 March 2015
Taka
31 December 2014
Taka
Opening balance (book/written down value)Add: Acquisition/ addition/ purchase during the periodLess: Sale/disposal/adjustment during the period
The necessary information regarding assets and liabilities of operating segments (except subsidiaries) are not separable and individually identifiable for this purpose. For this reason the assets
and liabilities of the respective segments have not been presented.
Islami Bank Bangladesh Limited
Consolidated segment reporting
For the 1st quarter ended 31 March 2015
(Amount in Taka)
There are 16 operating segments including subsidiaries as on 31 March 2015. Out of which only 9 are reportable as per BFRS 8 "Operating segments" and latest evaluation as at 31 December
2014. Hence other non-reportable segments have been shown as under 'Common'.